MKS Instruments, Inc. (NASDAQ:MKSI) - Investment analysts at DA Davidson raised their Q3 2017 EPS estimates for MKS Instruments in a report issued on Wednesday. DA Davidson analyst T. Diffely now forecasts that the scientific and technical instruments company will post earnings per share of $1.45 for the quarter, up from their prior estimate of $1.08. DA Davidson also issued estimates for MKS Instruments’ Q4 2017 earnings at $1.36 EPS, FY2017 earnings at $5.50 EPS, Q4 2018 earnings at $1.48 EPS and FY2018 earnings at $5.90 EPS.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. The company had revenue of $481 million during the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share.
A number of other analysts have also weighed in on MKSI. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, April 21st. Stifel Nicolaus restated a “buy” rating and issued a $81.00 target price (up from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. Dougherty & Co restated a “buy” rating and issued a $100.00 target price (up from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $84.00.
Shares of MKS Instruments (MKSI) opened at 82.95 on Monday. MKS Instruments has a 1-year low of $44.92 and a 1-year high of $88.40. The company’s 50-day moving average price is $75.71 and its 200 day moving average price is $72.55. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 17.23 and a beta of 1.06.
In related news, Director Gregory R. Beecher sold 3,960 shares of MKS Instruments stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $80.87, for a total value of $320,245.20. Following the completion of the sale, the director now directly owns 18,655 shares in the company, valued at $1,508,629.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard S. Chute sold 3,000 shares of MKS Instruments stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total value of $240,000.00. Following the completion of the sale, the director now owns 11,604 shares of the company’s stock, valued at $928,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,210 shares of company stock valued at $1,142,335. 1.65% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in MKSI. PNC Financial Services Group Inc. raised its stake in shares of MKS Instruments by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 82,157 shares of the scientific and technical instruments company’s stock worth $5,648,000 after buying an additional 7,427 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of MKS Instruments by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 342,812 shares of the scientific and technical instruments company’s stock worth $23,568,000 after buying an additional 15,563 shares during the last quarter. BlackRock Inc. raised its stake in shares of MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after buying an additional 6,571,973 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MKS Instruments by 4.6% in the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock worth $38,938,000 after buying an additional 24,851 shares during the last quarter. Finally, KCG Holdings Inc. raised its stake in shares of MKS Instruments by 97.0% in the first quarter. KCG Holdings Inc. now owns 9,866 shares of the scientific and technical instruments company’s stock worth $678,000 after buying an additional 4,859 shares during the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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